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Sun City UNABRIDGED

Magazine Article by Carol J. Ott on September 01, 2008

on reducing or eliminating its debt. Five years ago, it refinanced the building’s underlying mortgage

Complex Challenge, Careful Approach UNABRIDGED

Magazine Article by Patrick B. Niland on September 01, 2008

What to expect when considering refinancing your building’s underlying mortgage to fund capital ... of the options under consideration is refinancing our building’s underlying mortgage. One of our newest board ... Ask the Mortgage Broker

Read My Lips: More New (Flip) Taxes UNABRIDGED

Magazine Article by Frederica Gamble on September 01, 2008

with the right information, most would back a higher flip tax. With the help of real estate brokers and managing
to Gauge With the help of real estate brokers and managing agents, a small board committee gathered
of yield maintenance," explains Patrick Niland, president of mortgage broker First Funding and a Habitatmag ... capital improvements and new reserve funding — until the bank with the building's mortgage swooped ... bank involvement air rights, blocking air rights, fundraising, mortgage, selling air rights

Collateral Damage UNABRIDGED

Magazine Article by Tom Soter on August 01, 2008

,” explains Patrick Niland, principal in First Funding, a mortgage broker. “That is, the interest rate
broker, Bellmarc East, prior to her buying the apartment. The show sheet advertised a 48 x 14-foot glass ... Read Documents, Ask Questions! p.2 ... Read Documents, Ask Questions! p.2
agents and brokers who work in this industry all know the reputation of a building. If the board
leave in the past 15 years," adds treasurer Bob Stella, a commercial real estate broker also
    To get the ball rolling, the co-op negotiated a new $7.65 million mortgage with New York

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Ask the Experts

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Learn all the basics of NYC co-op and condo management, with straight talk from heavy hitters in the field of co-op or condo apartments

Professionals in some of the key fields of co-op and condo board governance and building management answer common questions in their areas of expertise

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